Company description

Macerich is a real estate investment trust (REIT) that specializes in the ownership, management, and development of retail properties. The company was founded in 1994 and is headquartered in Chicago, Illinois. Its portfolio consists of more than 101 million square feet of leasable space, spread across 97 regional malls, as well as urban and community shopping centers. MAC's properties are located in 37 states and Puerto Rico, and attract approximately 200 million shopper visits annually. The company's goal is to be the premier owner, operator and developer of properties that are successful and sustainable in every market and in every economic cycle. MAC prides itself on its diverse tenant mix, with anchor stores such as Macy's, JCPenney, and Nordstrom, as well as a wide range of specialty stores and restaurants. The company is also committed to environmentally sustainable practices, with all of its properties meeting the LEED (Leadership in Energy and Environmental Design) Silver Certification. In addition to its core retail business, MAC also has an active development and leasing program, which focuses on adding value to its existing properties. In recent years, the company has seen steady growth and strong financial performance, consistently outperforming its industry peers. MAC is known for its customer-centric approach and dedication to providing a unique shopping experience for its customers. It continues to seek new growth opportunities and deliver strong returns for its shareholders, making it a top choice for investors in the commercial real estate industry.